

News
-
Q August 2018
What Was I Thinking? .Now I say neglect, because it's been 38 years since Congress has done anything to strengthen Social Security and 50 year since we have improved its benefits. .Raise the age—currently 67 for people born in 1960 or later— at which workers become eligible for full retirement benefits; or … Continued
-
Category Congressional Corner Page 3
We reported last week that President Trump has dropped his demand for a payroll tax cut in any new pandemic-related stimulus bill, which TSCL successfully lobbied against, along with many other groups. However, other issues have caused great difficulty in negotiations for a new bill, one of which has not received much attention in the main press. .TSCL Endorses Social Security 2100 Act .Fortunately, there are other bills in Congress that TSCL supports to lower the amount of money seniors must pay for their prescription drugs which we believe have a much better chance of passing and we will keep fighting for them. … Continued
Last week House Ways and Means Social Security Subcommittee Chairman John Larson (D-Conn.) reiterated the need for Congress to prevent an unintended and unanticipated Social Security benefit reduction – caused by the pandemic recession — that will affect certain beneficiaries, after the Congressional Budget Office (CBO) released an updated estimate of this effect. .TSCL supports H.R. 4012 enthusiastically, and we were pleased to see two new cosponsors sign on to it this week. We will be advocating for the passage of H.R. 4012 and S. 2251 – Sen. Elizabeth Warren's (MA) companion bill – tirelessly in the coming months because we know that a 3.9 percent COLA would provide much-needed relief to our members and supporters next year. .What does the policy cover? In addition to basic services, make sure you learn about tooth removals, root canals, periodontal gum treatments, dentures, crowns, bridges and implants. Read details carefully. For example, your dental plan may only cover one implant a year, even though you may need to get two or more done at one time. .One of the programs President Biden supported during his campaign for .Action on Capitol Hill was slow this week as Members of Congress remained in their home states and districts to prepare for the November 6th election. They are not expected to return to Capitol Hill until after the Veterans Day holiday, on Tuesday, November 13th. TSCL would like to remind you that many Members of Congress will attend local events or hold town hall meetings in the upcoming weeks, giving voters an excellent opportunity to voice their concerns. We encourage you to approach your Senators and Representatives to request their support for fair cost-of-living adjustments and other key issues. .The House of Representatives has scheduled a vote for this coming Wednesday on a new CR that will last until Dec. 18, as well. .For progress updates or for more information about these and other bills that would strengthen the Social Security program, visit the Bill Tracking section of our website or follow TSCL on Twitter. .These benefits are far from generous. Compared to other industrialized nations, we have one of the most paltry social insurance systems in the world. Seniors have an average Social Security benefit of only ,328 a month. This is not enough to keep someone in the middle class. .Participants in The Senior Citizens League's surveys indicate that household medical expenses consume a significant portion of their monthly income. More than 39 percent of respondents to a recent survey say that they spend more than 0 per month on Medicare and other healthcare costs. In 2020, the average Social Security benefit is ,460, but the 1.6 percent COLA raised the average Social Security benefit by only .40 per month this year. The following chart illustrates ten of the fastest growing retiree costs since 2000.